求助大神们,固定效应中加入行业虚拟变量而且也drop掉了第一个行业,但是为什么回归时显示剩余的行业虚拟变量全部被omitted呢?(数据放在附件了)
我的代码及结果:. xtset company year panel variable: company (unbalanced)
time variable: year, 2011 to 2016
delta: 1 unit
. xtreg y x1 x2 c.c_x1#c.c_x2 x3 x4 x5 x6 x7 ind_sw*,fe
note: ind_sw2 omitted because of collinearity
note: ind_sw3 omitted because of collinearity
note: ind_sw4 omitted because of collinearity
note: ind_sw5 omitted because of collinearity
note: ind_sw6 omitted because of collinearity
note: ind_sw7 omitted because of collinearity
note: ind_sw8 omitted because of collinearity
note: ind_sw9 omitted because of collinearity
note: ind_sw10 omitted because of collinearity
note: ind_sw11 omitted because of collinearity
note: ind_sw12 omitted because of collinearity
note: ind_sw13 omitted because of collinearity
note: ind_sw14 omitted because of collinearity
note: ind_sw15 omitted because of collinearity
note: ind_sw16 omitted because of collinearity
note: ind_sw17 omitted because of collinearity
note: ind_sw18 omitted because of collinearity
note: ind_sw19 omitted because of collinearity
note: ind_sw20 omitted because of collinearity
note: ind_sw21 omitted because of collinearity
note: ind_sw22 omitted because of collinearity
note: ind_sw23 omitted because of collinearity
note: ind_sw24 omitted because of collinearity
note: ind_sw25 omitted because of collinearity
Fixed-effects (within) regression Number of obs = 3409
Group variable: company Number of groups = 570
R-sq: within = 0.0866 Obs per group: min = 5
between = 0.0034 avg = 6.0
overall = 0.0066 max = 6